I’ve been doing some serious thinking, and I can’t shake the feeling that Miazaki might actually be Ryoshi. I know it sounds wild, but when you put the pieces together, the theory starts making a lot of sense.
1. The Timing of His “Retirement” in 2021
Let’s not forget that Miazaki retired in 2021 as a multi-millionaire, right around the same time Shiba Inu exploded. Coincidence? Maybe. But Ryoshi was all about disappearing after the community took over SHIB’s momentum, saying his work was done. It’s as if Miazaki timed his exit from SHIB, then quietly resurfaced to launch Kendu under a new alias. This timing seems way too perfect, especially when you consider that no one else with this background has stepped forward since.
Here is where it gets REALLY interesting!
2. Worked on Shibaswap
Here’s the kicker: Miazaki claims he “worked” on Shibaswap. If that’s true, then we’re talking about someone with direct ties to the development of SHIB’s core projects!
Who else could have that kind of insider knowledge? Ryoshi was known to have a hand in the early stages of Shibaswap before stepping away—Miazaki emerging with this exact experience feels like another clue that they might be the same person.
3. Mastermind
Ryoshi understood the memecoin game like no one else, tapping into the power of community and hype to create something far beyond a simple token. Kendu’s approach under Miazaki follows a similar blueprint, which he stated many times: build organically, lean into the community, and leave just enough mystery to keep everyone engaged. This style feels way too familiar to be a coincidence.
4. The Silent Leader
Ryoshi disappeared from the spotlight after Shib hit it big, letting the community and team (including Shytoshi Kusama) take the reins. Miazaki operates in almost the exact same way—he’s low-key, stays out of the day-to-day chatter, but is still friends with Shytoshi. The fact that Miazaki and Shytoshi have such a close connection only deepens the theory that Miazaki could very well be Ryoshi continuing his work on Kendu.
5. The Playbook
Kendu’s launch has strong echoes of SHIB’s early days: clever tokenomics, community-driven marketing, and viral buzz. This isn’t the work of someone new to the scene; this is someone who already knows how to craft a memecoin narrative. Ryoshi was a master at this, and Miazaki seems to have picked up where Ryoshi left off, using the same methods to build Kendu into something massive.
6. The Shib Ecosystem Parallels
Shiba Inu wasn’t just a token—it built an entire ecosystem, including NFTs and Shibarium. Kendu is now following a similar path with its NFT marketplace and future innovations. If Ryoshi truly wanted to step away from SHIB after its success and start something fresh, Kendu would be the perfect place for him to put his experience to work while still maintaining that Ryoshi mystique.
7. The Friends Close, Strategy Closer Theory
The fact that Miazaki is friends with Shytoshi, the current lead of Shiba Inu, strengthens this theory even more. No one else has emerged with both the background in Shiba Inu and the close ties to the current team, while simultaneously pushing another major memecoin project. Ryoshi may have stepped away from Shiba Inu, but that doesn’t mean he isn’t staying close to the action through Kendu.
TLDR: Miazaki could be Ryoshi! The timing of his “retirement” in 2021, his experience with Shibaswap, his connections with Shytoshi, and the eerie similarities between Kendu’s rise and Shiba Inu’s early days all point to this being more than just a wild theory. What do you all think? Is Miazaki the new alias of Ryoshi, continuing his memecoin legacy with Kendu?
IDK about you, but I convinced myself Miazaki is Ryoshi. He kept mentioning the dox, live stream, and medium article, but side-stepped, saying, “it is not time”.
-Les Goh!
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